Tamil Nadu Government Gazette, Part VI, Section 3(a), No. 16, 24 April 2013
The Government of Tamil Nadu published Tamil Nadu Government Gazette, Part VI, Section 3(a), No. 16 on 24 April 2013, containing a Tamil Nadu Wakf Board management notification and a High Court of Judicature at Madras shareholder meeting notice. The Tamil Nadu Wakf Board, through Resolution Item No. 12/13 in R.C.No. 12158/07/B1/Tnv dated 5 March 2013, took direct control of Vadasery Kuthba Pallivasal in Nagercoil for one year, while C.A. No. 332 of 2013 concerned a proposed company amalgamation that still required shareholder and court approval.
What the Gazette contains
The Government of Tamil Nadu published Tamil Nadu Government Gazette, Part VI, Section 3(a), No. 16 on 24 April 2013. The issue contains two separate matters: direct management of Vadasery Kuthba Pallivasal by the Tamil Nadu Wakf Board, and a shareholder meeting ordered by the High Court of Judicature at Madras concerning a proposed amalgamation of two companies.
Vadasery Kuthba Pallivasal management
The Tamil Nadu Wakf Board used its powers under Section 65 of the Wakf Act 1995 and adopted Resolution Item No. 12/13 in R.C.No. 12158/07/B1/Tnv dated 5 March 2013.
Key provisions are:
- Management of Vadasery Kuthba Pallivasal, Nagercoil, Kanyakumari District, was placed under the direct control of the Tamil Nadu Wakf Board.
- Direct management was ordered for one year from the date of the Board's order.
- The Wakf Inspector, Kanyakumari, was appointed as Executive Officer.
The notification concerns management of the named wakf institution. It does not set out general land registration, planning or property purchase requirements.
Proposed company amalgamation
The High Court of Judicature at Madras, in C.A. No. 332 of 2013 and Roc.No. 1386/2013(O.S), directed a meeting of the equity shareholders of The Kil Kotagiri Tea and Coffee Estates Company Limited. The court order directing the meeting was dated 1 April 2013.
The meeting was intended to consider the proposed amalgamation of The Kil Kotagiri Tea and Coffee Estates Company Limited, as transferor company, with The Thirumbadi Rubber Company Limited, as transferee company.
Key meeting terms were:
- The meeting was fixed for 13 May 2013 at 11.00 A.M. at the registered office in Kil Kotagiri, Nilgiris.
- Eligible shareholders could vote personally or by proxy.
- Proxy forms had to be deposited at least 48 hours before the meeting.
- The quorum was five members present personally or by proxy.
- Approval by shareholders would not complete the amalgamation. Subsequent approval of the court was also required.
The Gazette records the meeting procedure, but does not state whether the proposed amalgamation was ultimately approved.
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Common questions
Does this Gazette change the ownership of Vadasery Kuthba Pallivasal?
The notification states only that management was taken under the direct control of the Tamil Nadu Wakf Board for one year. It does not state that ownership was transferred.
Who was appointed to manage Vadasery Kuthba Pallivasal?
The Tamil Nadu Wakf Board appointed the Wakf Inspector, Kanyakumari, as Executive Officer.
Did the Gazette approve the amalgamation of the two companies?
No. It announced a shareholder meeting to consider the proposed amalgamation. Any shareholder approval remained subject to subsequent approval by the court.
Does this Gazette impose any general requirement on Tamil Nadu property buyers?
No general property purchase, registration or planning requirement is stated. The contents concern management of one named wakf institution and a shareholder meeting for a proposed company amalgamation.
